Individual Learning Reflection

Learning Week: [6]

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1.What are your key learning points for the recent week?
Last week, I examined my previous knowledge of corporate finance and how to deliver
the most accurate cost and revenue figures.
2.Which learning points do you like the most?
The break-even point was the concept and understanding that piqued my curiosity the
most last week. This is a formula that may be used to determine the break-even threshold
for any sort of business. From there, you may estimate when the company will begin to
profit. The break-even point is a simple formula, however calculating the number in that
calculation requires extreme precision.

3.Is there any learning point that you find difficult to understand? Is there any doubt?
To be honest, these are the ideas I've picked up. It's not tough to grasp, believe me.
However, there is one item that always seems tough to me: deciding what costs are
constant and what prices are changeable. It's a tremendous pain in the neck.
4.Which learning point is new to you? Does it make you change your previous thinking?
Most of the topics I've already learned, so nothing new. However, it has been a while
since I used or reviewed them, so I am still perplexed.
5.Which entrepreneurship topic will you research further? And how?
I'm studying about how a firm obtains and employs finance. We frequently hear about
businesses that have a number of senior executives who are considered financial experts.
So I'd like to learn how such people truly think about and handle financial challenges in
order to ensure that their businesses always have the financial potential to grow and be
profitable.
6.Describe at least one relation/personal experience between what you have learned and
things happening in your life?
A recent personal incident highlighted the importance of pricing strategies for me.
Observing how a competitor's pricing strategies influenced consumer choices in a real-
world scenario demonstrated pricing's direct and tangible impact on market dynamics.
7.What do you plan to apply into developing your venture and yourself?
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Individual Learning Reflection

In terms of my business activities, I intend to use my financial knowledge and experience

to learn more about the costs of starting a firm. I need to figure out how to reduce costs
while increasing income as much as feasible in order to reach the break-even point and
grow profits as soon as possible.

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